Buckingham Reaffirms Their Hold Rating on MSC Industrial (MSM)


Buckingham analyst Robert Barry maintained a Hold rating on MSC Industrial (MSM) today and set a price target of $84. The company’s shares opened today at $84.92.

Barry has an average return of 20.4% when recommending MSC Industrial.

According to TipRanks.com, Barry is ranked #1633 out of 5174 analysts.

Currently, the analyst consensus on MSC Industrial is a Moderate Buy with an average price target of $88.20.

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MSC Industrial’s market cap is currently $4.73B and has a P/E ratio of 14.08. The company has a Price to Book ratio of 3.43.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2019, Denis Kelly, a Director at MSM sold 1,180 shares for a total of $96,972.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MSC Industrial Direct Co., Inc. engages in the distribution of metalworking, and maintenance, repair, and operations (MRO) products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. The company was founded by Sidney Jacobson in 1941 and is headquartered in Melville, NY.

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